Belgium: AB InBev surpasses key barrier – Analysis – 23-4-2019

AB InBev shares price formed new bullish waves recently, to notice surpassing 50% Fibonacci correction level at 78.90, hinting the surrender to the bullish bias domination again, which allows us to suggest more bullish attempts to expect targeting 81.55 followed by reaching 83.60 that forms the main target of the medium term trades.

Stochastic continuous fluctuation within the overbought areas reinforces our bullish overview by providing new positive momentum, to support the attempts to record the suggested additional targets.

The expected trading range for today is between 78.50 and 81.55

The expected trend for today: Bullish